Insider Selling: Block, Inc. (NYSE:XYZ) CFO Sells 16,358 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) CFO Amrita Ahuja sold 16,358 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $78.60, for a total transaction of $1,285,738.80. Following the completion of the sale, the chief financial officer directly owned 308,397 shares of the company's stock, valued at $24,240,004.20. This represents a 5.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Amrita Ahuja also recently made the following trade(s):

• On Wednesday, July 2nd, Amrita Ahuja sold 1,351 shares of Block stock. The shares were sold at an average price of $69.26, for a total transaction of $93,570.26.
• On Wednesday, May 21st, Amrita Ahuja sold 10,002 shares of Block stock. The shares were sold at an average price of $56.39, for a total transaction of $564,012.78.

Block Price Performance

Shares of XYZ traded up $0.94 during mid-day trading on Friday, hitting $80.71. The company's stock had a trading volume of 6,339,588 shares, compared to its average volume of 10,205,913. The company has a 50-day moving average of $65.65. The company has a market cap of $49.64 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 3.23 and a beta of 2.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. Block, Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $99.26.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.07. Block had a net margin of 10.84% and a return on equity of 5.71%. The company had revenue of $5.77 billion during the quarter. During the same period in the prior year, the company posted $0.47 earnings per share. Block's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Block, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $82.00 target price on Block and gave the company a "buy" rating in a report on Thursday, July 17th. Barclays upped their price target on Block from $57.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Wolfe Research set a $75.00 price target on shares of Block in a research note on Monday, May 19th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $90.00 target price (up from $75.00) on shares of Block in a report on Tuesday. Finally, Bank of America lowered their target price on shares of Block from $94.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Block currently has a consensus rating of "Moderate Buy" and an average price target of $74.91.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.